Stock Rating Upgrade
The Value Trend Rating for Korn Ferry (NYSE: KFY) improved of late from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Korn Ferry (NYSE: KFY) stock closed at $55.17 on 1/5/24 after a modest decline of -1.1%. However, this decline was accompanied by unusually low trading volume at 59% of normal. The stock has declined -6.5% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, KFY is expected to continue to be a Value Builder.
Korn Ferry has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Korn Ferry has a slightly positive Power Rating of 66 and a slightly positive Appreciation Score of 66, resulting in the Positive Value Trend Rating.
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